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Increased Revenue & Cash flow
Gift
Cards generate more revenue for the company because there is no need to
refund the unspent value in cash or smaller denomination vouchers– the
unspent value stays on the card for later purchases, this results in
either never spent values (referred to as breakage) or part Gift Card
and part cash purchases for the residual.
Gift Cards are not activated
until time of purchase, therefore until activated are worthless. Most
traditional voucher’s are live and require purchase by the merchant
retailer up front, thus Gift Cards do not drain cash flow.
Brand Recognition & Marketing Vehicle.
GiftCards
are an excellent vehicle for brand recognition, and marketing tool.
The
ability to manage Gift Card programmes that are flexible and promotion
specific. Never before has this ability been so accessible to the
Australian market.
Gift Cards command wallet real estate and are a
powerful incentive to shop at the store, one of the few
marketing mediums that are able to drive customers in the door and is
completely measurable – even to a particular promotion. Gift Cards are
not just a form of currency , but the single most powerful and cost
effective marketing tool your organisation can implement.
Reduced Costs
Gift card
transactions are processed electronically, which provides better
tracking and greatly reduces the operational overhead that is currently
associated with paper certificates.
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